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Uber has won a legal bid to restore its London operating license which was taken away by the city’s transport regulator over safety concerns after a judge decided on Monday that it was a fit and proper operator. Transport for London refused to grant the Silicon Valley-based company a new licence in 2019 due toRead More
The European Commission, which is the executive arm of the EU, said it would appeal a court ruling involving Apple and the Republic of Ireland. The EU’s general court ruled in July that the Commission had failed to prove that the Irish government had given a tax advantage to the tech giant. The Commission’s team,Read More
The global markets have been hit hard recently by economic uncertainties and many other factors. Silver was also not spared as the US dollar regained some of its strength. The latest data shows that silver price has paused its six-day losing streak after it recorded 9-week lows of $21.70 in early trades. silver is tryingRead More
Chinese fervor for online shopping waned in August, a sign that the world’s second-largest economy still faces many challenges as it tries to boost consumption at home. The Chinese government is trying to develop domestic demand as the primary driver of the country’s growth, rather than relying on exports. The coronavirus pandemic this year hasRead More
1. Powell, Mnuchin to testify before Congress. U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell begin two days of testimony before Congress on the state of the economy at 8:30 AM ET. For once, it may be Mnuchin’s comments that get the most attention, since Powell’s stance is already known and wasRead More
Gold inched down on Monday morning in Asia ahead of speeches by U.S. Federal Reserve officials later in the week, with losses capped by a weak dollar. Gold futures were down 1.32% at $1,936.50, while the dollar was down on Monday. Investors are turning their focus to Fed Chairman Jerome Powell, who is scheduled toRead More